Volatile ride for DarkPulse, Inc. stock price on Tuesday moving between $0.0880 and $0.0989StockInvest.us, 2 months ago
The DarkPulse, Inc. stock price gained 30.34% on the last trading day (Tuesday, 10th Aug 2021), rising from $0.0740 to $0.0965. During the day the stock fluctuated 12.39% from a day low at $0.0880 to a day high of $0.0989. The price has risen in 5 of the last 10 days and is up by 33.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 67 million shares were bought and sold for approximately $6.49 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0759 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 126.04% during the next 3 months and, with a 90% probability hold a price between $0.17 and $0.49 at the end of this 3-month period.
There are mixed signals in the stock today. The DarkPulse, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.11. On a fall, the stock will find some support from the short-term average at $0.0898. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, July 09, 2021, and so far it has fallen -44.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $0.0832 and $0.0801.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DarkPulse, Inc. finds support just below today's level at $0.0832. If this is broken, then the next support from accumulated volume will be at $0.0801 and $0.0740.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0109 between high and low, or 12.39%. For the last week, the stock has had a daily average volatility of 13.23%.
DarkPulse, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.Check full DarkPulse, Inc. forecast and analysis here.